Union Street, Market Rasen LN8 Residential development for sale

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Union Street, Market Rasen LN8 Residential development for sale

Union Street, Market Rasen LN8
£150,000

Our Summary

  • Planning Permission to Convert Existing Building into Four Flats

Description

This property, located in the heart of Market Rasen, has been granted planning permission to convert the existing two-storey building into four flats. The building, currently vacant, has a total area of approximately 331m² and is situated on a narrow plot on Union Street. The property has a glazed frontage facing onto Union Street, typical of a commercial or retail premises, and has previously been used as a bakery storage and display area, with office space above. The ground floor features a shop front, kitchen, and two store rooms, while the first floor has been used as office spaces with toilet facilities. The property has mains electric, water, drainage, and gas services and is being sold as freehold with vacant possession. With a potential completed rental income of circa £24,000 per annum, this property presents a unique investment opportunity for anyone looking to capitalize on the central location and growing demand for housing in Market Rasen.
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